The Right Signals

Economic growth is now the highest in five years and is forecast to continue.

Wages are growing, cost of living increases are modest, and interest rates are at 50-year lows.

In fact, the latest cost of living data shows consumer prices rose by just 0.7% in the year to June. This was the lowest annual increase for nearly 14 years and the fourth annual increase below 1%. Household income has risen 20% in the past four years and is expected to rise by almost 20% in the next four years.

Business confidence is the highest it has been for over 14 years. The manufacturing sector is growing – 9.2% since 2009 and a significant turnaround from 2008, when manufacturing shrank by 12% in a year.

The Government is playing its part with a strong plan for the economy. We have stuck to that plan and it’s working.